PrimeXBT Review 2024: Pros, Cons and How it Compares

Best regards,The PrimeXBT Team. Using the bonus effectively requires a clear strategy. Date of experience: April 29, 2024. Activating a bonus on PrimeXBT is a simple process that helps boost your trading capital or lower trading fees. The spot market can only be bought, and you also have no shot at leverage. Click the “Sell” button, and then click the “Send Order” button to execute the trade. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. Always ensure to carry out due diligence. He earned a Bachelor’s degree in Economics and International Relations. Also, you can diversify using several different ones at the same time. This is a multi faceted platform that not only functions in the crypto space, but also allows people to trade traditional assets, such as stocks, forex, and commodities. However, when asked to ChatGPT, the AI predictions turned out to be extremely bullish than ours. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. For a complete list of restricted regions, refer to Section 1. PrimeXBT operates three entities. Log in and add funds into your account in the promo code field by typing ‘TMMBONUS. The best bitcoin trading platforms prioritize user experience, PrimeXBT trading services ltd making it simple for anyone to start trading without a steep learning curve. IOS and Android apps make trading on the go easy. I’ve already mentioned the charting functionality being powered by Tradingview, which is excellent, but users also have the ability to change to a standard chart or depth chart for another look at price and orders. The growth was fuelled by increased adoption of Layer 2 scaling solutions as Ethereum struggled with congestion and high fees​. Users are able to exchange a large range of markets using Bitcoin as leverage, including crypto, forex, commodities, and indices. What is the minimum and maximum amount for a withdrawal. What Makes EUR/USD the Most Traded Currency Pair. Virtual Assets are high risk products, highly volatile, with fluctuating values.

What Are Bitcoin Options? Bitcoin Options Vs Bitcoin CFDs

For the time being, PrimeXBT will continue its business operations under St. 075% on BTC and ETH, increasing to 0. Because of this, the SandP 500 is often followed to determine the health of the stock markets in the USA, but globally as well seeing as many of the companies in the 500 have a strong influence over the global markets. The code is valid only for 15 minutes from the moment of its sending, if you do not have time to use it, you will have to register again. You can find a full breakdown of their fees on the PrimeXBT fees page. Readers should do their own research. 6B back in 2017, this included theft of funds, terrorism financing, malware or ransomwares attacks and scams. Step 2: Access the registration site. Active users across the world. Dear Abel,Thank you for your feedback. For example, PrimeXBT is an multiple award winning trading platform that lets users buy Bitcoin easily right from the dashboard using a third party payment widget. In the Cryptocurrency Service category. PrimeXBT aims to offer competitive spreads. These are supported on both iOS and Android devices. It is split into two. It’s certainly for those into crypto trading because there are cryptos available in various forms, i. Virtual Assets are high risk products, highly volatile, with fluctuating values.

Convert SUI to DOTConvert SUI to DOT

These are professionally done and well presented. Quick stats provides a brief overview of all commissions, impressions, sales, and clicks within a specified timeframe. These services are governed by the legal terms and conditions of PXBT. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. The material covers everything from beginner concepts to advanced pro strategies. The forced liquidation of the account is very difficult to overcome. The exchange does not currently offer fiat off ramps for withdrawals. BTC price plummeted by 78% to $15,000 in late 2022 after a series of bankruptcies and insolvencies in the cryptocurrency industry. With a unique link, earn payouts from trading commissions paid by your referrals. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Each coin’s buy and sell price will be listed on the exchange. You can then buy, sell, and trade cryptos without giving any personal details or documents. In contrast to a long position, if the market moves upward during a short position, it can lead to capital loss. Are you looking for the best bitcoin trading platform or a place that supports a wide array of cryptocurrencies. While we do our utmost to ensure that all our data is up to date, we encourage you to verify our information with the broker directly. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. Placing trades on PrimeXBT is simple, with an easy to use order form. The initial coin offering for the COV token took place in November and December of 2017. Using a VPN to access PrimeXBT in restricted countries can help bypass regional restrictions.

Our Verdict

Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. If they have a standardized measurement of accounting, it can be done. Recommended Read: PrimeXBT’s Covesting Yield Accounts. Dear AgustinThank you for sharing your experience. It’s like learning from the best. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Bitcoin is the market that draws the largest number of traders, and shorting Bitcoin frequently becomes the main strategy these traders use to capitalize on a market in decline. Another difficulty for traders is that the market is not mechanical or robotic either, it too is swayed by sentiment and can be affected by a myriad of different aspects that need to be considered. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Lastly, you can’t rearrange or resize modules on the desktop platform. As a new exchange liquidity in some trading pairs is limited. Withdrawal fees start at just $0. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. Ethereum’s performance has been driven by ongoing network upgrades and the expanding DeFi ecosystem. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. However, depositing fiat currency requires KYC verification. This platform stands out with a vast selection of tradable assets, making it easier for traders like me to diversify investments and potentially enhance returns on investment ROI. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity.

Is PrimeXBT Regulated?

Cryptographic proofs ensure data is highly accurate and greatly expands the capabilities of smart contracts. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. These products are not suitable for all investors. More so, this is a sliding scale of greed and fear. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. Leverage trading amplifies both profits and losses. He earned a Bachelor’s degree in Economics and International Relations. It involves using borrowed funds, in order to increase potential profits. Users can access advanced charting tools, set up custom alerts, and manage their portfolio efficiently, all from their Android devices. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. Links to third party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. However, if the price of Bitcoin falls by 10%, your $5,000 position would be worth $4,500. Get access to a wide range of trading, investing, and Crypto services from a single app. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. PrimeXBT does not charge any settlement fees on contracts; however, they do charge overnight fees for holding the position. Here are the conditions for each level. Org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange.

Should I invest in cardano?

With its easy to use account structure, PrimeXBT gives traders all the resources and tools they need to trade successfully in a variety of markets. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. For a complete list of restricted regions, refer to Section 1. The latter will not apply if you enter and exit the position within the day. I have a bit of experience trading CFDs with some big firms like IG and Oanda. Liquidation may occur if available margin reaches 0%, as available margin is no longer sufficient to sustain further losses. Paying close attention to your risk is the most important thing a trader can do and is especially paramount in these accounts. As a non custodial platform, Changelly does not enforce KYC processes as standard. Secure exchanges include Gemini and Coinbase, which also prioritize user protection with robust security protocols and regulatory compliance. PrimeXBT will automatically close out the open positions in the negative as they need to manage the risk that they have on their books, resulting in lost funds for the trader. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. TradeOgre values user privacy and does not have KYC processes in place.

PrimeXBT App

Deposit Purchase crypto via bank card or transfer via third party companies. Zengo’s 3 Factor authentication process ensures that 1 no one but you can control your crypto, and 2 your wallet is backed up, so even if you lose your phone, you can recover your crypto through a simple 2 step verification process. That being said, Ethereum, and the crypto market at large, have shown themselves to have a high correlation with risk appetite assets such as stocks and some futures markets. It is the stop loss that is at the very basis of your actions. 05% for Cryptocurrencies● 0. I consider the chart screen to be a platform’s most critical feature, enabling technical analysis and providing a clear view of price action. From the money making perspective. These fees are typically a percentage of the profits earned and are designed to align the interests of strategy managers with those of their followers. If the app is unavailable in your region, you can still access it through direct download from our site. No prize will given, I won couple of times but never received any prize. Resetting PrimeXBT back to its default settings can help resolve various issues and ensure that the platform operates smoothly. Sign up take less than 40 seconds. Crypto signals are usually recommendations by market experts or professional traders that tell other traders when to buy, sell or keep their Crypto trades.

About Us

Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Technical analysis can also help to highlight potential areas of support and resistance, which are ideal areas to place limit orders or stop losses. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. We appreciate your feedback and are always here to help. This round the clock assistance also gives you peace of mind, allowing you to trade confidently anytime knowing an expert can answer questions or provide guidance. Lystes propose une suite de solutions innovantes dédiées à la performance de votre activité, quel que soit le secteur d’activité. Before we dive into the specifics of what sell stop orders are, let’s first establish a foundational understanding of trading orders as a whole. This guarantees that every transaction complies with global standards and is safe. The first thing you will have to do is understand how the currency markets operate. 300–600 BTC: 25% discount. I enjoyed the WebTrader’s advanced charting capabilities, which are incorporated from the seamless TradingView. PrimeXBT lets users deposit crypto directly from their wallets. It takes just a few minutes to get started.

New Member

Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Date of experience: April 30, 2024. Scan the QR code with your device’s camera and get APK file. As you can see, this is where you track the performance of your position. All you need to do is to analyze the market and decide whether prices will rise or fall. 0 – stake your ETH in exchange for bETH on their platform and earn up to 5. PrimeXBT is one of the leading Bitcoin trading platforms. The compliance team regularly conducts in depth AML/TF compliance training so that all PrimeXBT personnel is well versed in all aspects of compliance, including how the internal system works, what risk assessment information is provided, what does or doesn’t need to be reported to the proper authorities, and what other actions may need to be taken depending on the situation. This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage. While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract. Founded in 2018 and headquartered in South Africa, PrimeXBT provides more than 150 CFDs currency pairs, commodities, indices, and cryptocurrencies and crypto futures contracts. Anti Money Laundering Policy. USD, GBP, EUR, CAD, AUD, CHF and more. This section will guide you through the process of applying promo codes on the platform. Always review the conditions, such as minimum deposit amounts and any trading volume requirements, to ensure you can meet the necessary criteria. This is a kinda versatile trading platform. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. This is active and manned 24/7.

Worse

The fact that CFD trades do not get shut down by a specific end of the contract is one of the major benefits of trading in this market. However, the broker’s instruments offering is rather limited, and PrimeXBT does not offer any alternative to its proprietary trading platform. In fact, PrimeXBT actually measured the slippage on their executed orders. The Financial Commission is an independent external dispute resolution EDR organization that was established to be a neutral third party committee to fairly review and resolve complaints. I determined that PrimeXBT is reasonably safe to trade with due to the following factors. Regulated by the authorities in Cyprus. Access all the essential tools for trading, including market updates, chart analysis, and order execution, right from any mobile device. By investing in continuous learning and self improvement, investors can enhance their investment skills and achieve long term success on PrimeXBT. No deposit bonus still available. This is not financial advice. 2% fee per trade plus a 0. I found the KYC process to be straightforward, with my account being verified instantly. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. The ability to apply up to 200x leverage on Bitcoin and Ethereum is a feature that sets PrimeXBT apart from its competitors. The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate.